MMBTtrader

ETHUSD is touching strong falling resistance once again .

Short
BITSTAMP:ETHUSD   Ethereum
As we can see we expect market provide some rest here or again correction and falling by touching resistance that is arriving with pressure of purple trendline, past tow previous time falling was expected and we share analysis about it :
we had two red paths shown on chart and why second one considered too?
beacuse as you can see Ethereum is really bullish and have sharp trendline that shown with green dots so we may have some breakout to the previous all time high and start of falling from there

strong resistance zone all shown on chart with red lines and are all prefect entry point as seller and major pressure soon is expected with trendline

Targets :
A. 1680
B. 1580

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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